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Cheat sheet

Pennsylvania Real Estate Salesperson Cheat Sheet

Real Estate Commission

12-13%of exam

SREC PowersComplaintsHearingsRecovery Fund

Licensure

20%of exam

QualificationsLicense TriggersRenewalChange Employment

Agency + Disclosure

25%of exam

Consumer NoticeAgency DutiesRelationshipsCompensation

Licensee Regulation

27-28%of exam

AdvertisingBroker SupervisionFundsDiscipline

Miscellaneous PA Law

15%of exam

Seller DisclosureFormsFair HousingCommon Interest

Quick Facts

Vendor
Pearson VUE
Questions
80 national + 40 PA
PA pretest
10 unscored
Time
150 + 60 min
Pass
75% each section
Education
75 hours
Scores valid
3 years
Outline
March 16 2026

Fund Limits

$20k claim, $100k licensee, suspension

Judgment first$20k claim$100k licenseeRepay to reinstate

Recovery vs Discipline

Recovery Fund

  • Consumer compensation
  • Judgment required
  • $20,000 claim

Discipline

  • License sanction
  • SREC order
  • Practice restrictions

Payment vs license

SREC Powers

SREC
PA licensing regulator
BPOA
Professional boards bureau
RELRA
Primary license law
49 Pa Code
Commission regulations
Licensure
Grant or deny
Discipline
Suspend or revoke
Education
Approve providers
Schools
Commission approval required

Complaints + Hearings

Complaint
Starts investigation
Investigation
Fact gathering
Hearing
Formal process
Appeal
Challenge order
Subpoena
Compel records
Consent order
Settlement discipline
Civil penalty
Monetary sanction

Recovery Fund

Final judgment
Required first
Fraud
Covered misconduct
Misrepresentation
Covered misconduct
Deceit
Covered misconduct
One claim
$20,000 max
One licensee
$100,000 max
Fund payment
License suspended
Repayment
Required for reinstatement

License Clock

75 hours, 5-year courses, 3-year scores

75 hours5-year education3-year scoreBroker needed

Pearson vs PSI

Pearson

  • Current PA vendor
  • Clarus scheduling
  • 2026 outline

PSI

  • Old PA vendor
  • Do not rely
  • Pre-2023 change

Use current handbook

License Path Picker

  1. Never licensed75 hours + exams
  2. Recent active licensePA state exam
  3. Reciprocal state activeReciprocal method
  4. Expired five yearsRetake exams
  5. Passed examApply within 3 years
  6. No employing brokerCannot apply

Salesperson Qualifications

Minimum age
18 years
Education
75 hours
Course age
Within 5 years
High school
Diploma or equivalent
Exam
National + PA
Broker statement
Supervision certification
Application
Within 3 years
Clarus
Salesperson eligibility

License Triggers

List property
License required
Sell property
License required
Buy for others
License required
Negotiate exchange
License required
Lease property
License required
Collect rent
License required
CMA
Broker employment required
Unlicensed practice
Discipline risk

Renewal + Reactivation

CE
14 hours
Renewal deadline
May 31
License cycle
Two years
Expired 5 years
Retake exams
Inactive
No practice
Reactivation
CE plus application
Reciprocal license
Keep home active
National waiver
Recent active license

Notice Timing

Initial interview, before relationship confusion

In person: writtenRemote: oralShowing: writtenRefusal: note

Notice vs Agency Contract

Consumer Notice

  • Initial interview
  • Disclosure summary
  • Not employment

Agency Contract

  • Creates relationship
  • Written terms
  • Compensation details

Disclosure vs agreement

Notice Picker

  1. Initial in-person interviewWritten notice
  2. Initial phone interviewOral disclosure
  3. First in-person meetingWritten notice
  4. First property showingWritten notice
  5. Consumer refuses signatureNote refusal
  6. Signed disclosure obtainedRetain copy

Consumer Notice

Initial interview
Give disclosure
In person
Written notice
Remote first
Oral then written
First showing
Written deadline
Signed copy
Consumer receives
Refusal
Note on form
Retention
Keep acknowledgment
Not contract
Relationship disclosure

Dual vs Designated

Dual agent

  • Broker represents both
  • Written consent
  • Limited advocacy

Designated agent

  • Separate licensees
  • Same broker
  • Party advocacy

Same agent vs separated

Agency Relationships

Seller agent
Represents seller
Buyer agent
Represents buyer
Dual agent
Both parties
Designated agent
Separate licensees
Transaction licensee
No advocacy
Subagent
Assists principal
Written consent
Dual agency required
Confidentiality
Survives relationship

Licensee Duties

Loyalty
Principal first
Disclosure
Material facts
Reasonable care
Competent practice
Accounting
Money and property
Obedience
Lawful instructions
Conflicts
Disclose promptly
Documents
Provide copies
Compensation
Through broker

State Outline

5-8-10-11-6

SREC 5Licensure 8Agency 10Regulation 11Misc 6

Salesperson vs Broker

Salesperson

  • Broker employed
  • No direct pay
  • No independent practice

Broker

  • Supervises licensees
  • Maintains escrow
  • Pays commissions

Supervised vs supervisor

PA State Priority

  1. 11 itemsLicensee regulation(Largest bucket)
  2. 10 itemsAgency/disclosure(Consumer Notice)
  3. 8 itemsLicensure(Eligibility rules)
  4. 6 itemsMiscellaneous(PA specifics)
  5. 5 itemsCommission(SREC powers)

Advertising

Broker name
Prominent disclosure
Salesperson name
Under broker
Team name
No broker confusion
Franchise
Broker identity remains
Blind ad
Prohibited risk
Listings
Authority required
Solicitation
Rule controlled
Internet ads
Same rules

Commingling vs Conversion

Commingling

  • Funds mixed
  • Trust breach
  • Accounting problem

Conversion

  • Funds used
  • Personal benefit
  • Serious theft

Mixing vs taking

Funds Picker

  1. Earnest money receivedBroker escrow
  2. Client funds heldTrust account
  3. Funds disputedHold funds
  4. Personal funds mixedCommingling violation
  5. Funds used personallyConversion violation

Broker Relations

Salesperson
Broker employed
Associate broker
Broker under broker
Broker
Supervises licensees
Broker of record
Entity supervisor
Branch office
Registered location
Change broker
No gap practice
Commission pay
Employing broker only
Supervision
Active training

Funds + Accounts

Escrow
Broker responsibility
Deposit money
Trust funds
Commingling
Mixing funds
Conversion
Misusing funds
Dispute
Hold until resolved
Accounting
Track all monies
Records
Available for inspection
Checks
Document trail

Prohibited Conduct

False promise
Discipline ground
Misrepresentation
Discipline ground
Undisclosed dual
Consent missing
Kickback
Disclose interest
Required service
Not allowed
Bad escrow
Serious violation
Incompetence
Discipline ground
Unworthiness
Discipline ground

Disclosure vs Investigation

Disclosure

  • Known defects
  • Use form
  • Update changes

Investigation

  • Seller not required
  • Buyer diligence
  • Expert reports

Known facts matter

Seller Disclosure

Residential transfer
Disclosure required
Known defect
Must disclose
No investigation
Seller not required
False answer
Liability risk
Changed fact
Notify buyer
Agent duty
Provide form
Agent liability
Actual knowledge
Limitations
Two years

PA Miscellaneous

PHRA
State fair housing
Human Relations
Protected classes
Timeshare
Separate rules
Condominium
Resale documents
Planned community
Association documents
Leasing
State outline topic
Property management
State outline topic
Forms
Know proper use

Common Traps

Provider confusion

Pearson is current PSI is outdated

Notice timing

Initial interview Not after contract

Dual agency

Written consent required Assumption not enough

Compensation flow

Broker pays salesperson Client pays broker

Escrow discipline

Commingling mixes Conversion takes

Recovery Fund

Judgment first License suspension follows

Seller disclosure

Known defects disclosed No investigation required

Passed section

Do not retake Use 3-year window

Last Minute

  1. 1.PA outline: 5-8-10-11-6
  2. 2.Pearson VUE is current
  3. 3.PA state: 40 scored
  4. 4.PA pretest: 10 unscored
  5. 5.Pass each section: 75%
  6. 6.Education: 75 hours
  7. 7.Scores expire after 3 years
  8. 8.Consumer Notice: initial interview
  9. 9.Dual agency needs written consent
  10. 10.Salesperson paid by broker
  11. 11.Recovery: $20k / $100k
  12. 12.Disclosure covers known defects
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